Goldman Sachs to price trigger leveraged notes linked to S&P 500

By Marisa Wong

Madison, Wis., Feb. 12 - Goldman Sachs Group, Inc. plans to price 0% trigger leveraged index-linked notes due March 5, 2014 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

A trigger event occurs if the index level declines by 5% or more from the initial level during the observation period, which is each trading day from but excluding the pricing date to and including May 15.

If the index return is positive and a trigger event has not occurred, the payout at maturity will be par plus 200% of the index return, subject to a maximum settlement amount of $1,140 per $1,000 principal amount.

If the index return is positive and a trigger event has occurred, the payout will be par plus 275% of the index return, subject to a maximum settlement of $1,192.50 per $1,000 principal amount.

Investors will be fully exposed to any losses if the index return is negative.

The final index level will be the average of the closing index levels on the five trading days ending Feb. 28, 2014.

The notes (Cusip: 38141GNW0) are expected to price Feb. 15 and settle Feb. 21.

Goldman Sachs & Co. is the underwriter.

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